In this post I will be reviewing the MT5 Champion Forex Robot. This is a fully automated forex trading system for the free MetaTrader 5 trading platform. It is very rare I find a forex robot to review which is developed strictly for MetaTrader 5 so it is refreshing and unique to see. MetaTrader 5 has a few improvements over MetaTrader 4 but is very easy to use and similar to MT4 so those with no prior MT5 experience will not have any problems adjusting. There are real live verified results on the website showing good gains north of 50%+ per month with considerable consistency and low risk. The developer’s state that they aim to be as transparent as possible which they are by providing FX Blue verified results as MyFxBook does not currently support MT5. They even provide login details for investor access to the MT5 Champion Forex Robot trading accounts so you can verify the latest results for yourself. Checking the accounts at the time of writing this review I can see that the initial deposit has almost been doubled in less than a couple of month.
MT5 Champion Forex Robot Trading Strategy
The MT5 Champion Forex Robot trades on the EURUSD and GBPUSD currency pairs. One of the main advantages of trading these 2 major currency pairs is the lower spreads and plenty of liquidity for fast trade execution. The exact strategy used to enter and exit trades is not disclosed as the developers of course want to protect their strategy from being duplicated but looking at the statistics I can tell you that the average win is at least 2x the average loss so therefore it is using a very favourable risk to reward ratio. This means all your wins are not wiped out with one loss and considering an average 65% win rate this gives a very positive money management strategy.
MT5 Champion Forex Robot Back Testing
The MT5 Champion Forex Robot website has back tests published since 2013 showing consistent returns over a variety of differing market conditions thus showing its adaptability no matter what the current market condition is. The back testing was conducted in MT5 with very high modelling quality for accurate results although tick data back testing would have been perfect, with real spreads. The win rate is around 60% on average, with low drawdowns less than 10% and an average monthly profit of around 65%.
MT5 Champion Forex Robot Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
MT5 Champion Forex Robot Summary
This is one of the only forex robots I have reviewed that was developed for MetaTrader 5 so if you are looking to get started with MT5 this forex robot is am option. Not only does it have the added benefits of MT5 features it is also capable of making decent profit. It comes with full support, lifetime updates and a money back guarantee. It is suitable for beginner and advanced traders with no previous MT5 experience required as all is explained in the easy to follow instruction manual. They will even provide you with MT5 support to assist you if you are switching from the MT4 trading platform for the first time. Visit the MT5 Champion Forex Robot website for the latest verified results and to download your copy – be quick as they are limited.